FedEx Corporation · FDX · Next earnings

FedEx Corporation reports Wednesday, Oct 28, 2026

FDX reports after market close with consensus EPS at $3.63 and revenue at $21.52B. Last quarter: FedEx Caps FY2026 With Broad Beat, Raises CY2026 EPS View Post Freight Spin-Off

Reports After market close38 days awayDate estimated Industrials

What the street expects

Consensus for the coming report
Consensus EPS $3.63 Calendar consensus
Consensus revenue $21.52B Calendar consensus
Report date Oct 28, 2026 Wednesday, date estimated
Session After market close 38 days away

Where FDX left off: FY2026 Q4

Full report

FedEx Caps FY2026 With Broad Beat, Raises CY2026 EPS View Post Freight Spin-Off

EPS surprise +6.8% Reported $6.31 vs $5.91
Revenue surprise +9.7% Reported $25.00B vs $22.79B
Stock move -0.1% Event window
Subsequent drift -0.4% Up to 20 sessions

Prior quarter (Q3 FY2026): raised FY2026 adjusted EPS guidance to $19.30 to $20.10; CapEx at or below $4.1 billion (down $400 million from prior outlook); capex outlook decreasing. Current quarter (Q4 FY2026): introduced CY2026 adjusted EPS guidance of $16.90 to $18.10 (approximately 20% growth) and revenue growth of about 11% including fuel-surcharge benefit. CapEx outlook shifted to increasing. Guidance sentiment remains raised and management tone is confident. The guidance basis changed from fiscal year (ending May 2026) to calendar year 2026, so the two ranges are not directly comparable.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Global trade policy volatility and geopolitical unrest.
  • Grounding and phased return of the MD-11 aircraft fleet.
  • Variable compensation and fuel price volatility affecting margins.
  • Stranded cost transition from the Freight spin-off.
  • Inflationary pressure on wages, transportation rates, and other operating costs.

Questions analysts left open

  • Timing and magnitude of margin improvement, especially in the transition year.
  • Execution and timeline for removal of stranded costs from the Freight spin-off.
  • Impact of fuel surcharges and whether they mask underlying margin trends.
  • Utilization rates and network capacity as Network 2.0 scales.
  • Capital allocation balance given strong cash position (dividend, buybacks, InPost acquisition).

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Recent FDX quarters

All FDX earnings
-0.1%FY2026 Q4

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q4

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.